<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: SJC Lending LLC -->
          <cik>0002090015</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A Common Stock, par value $0.001 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/04/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000896493</issuerCik>
        <issuerName>Hyperscale Data, Inc.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>09175M879</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>11411 SOUTHERN HIGHLANDS PARKWAY</com:street1>
          <com:street2>SUITE 190</com:street2>
          <com:city>LAS VEGAS</com:city>
          <com:stateOrCountry>NV</com:stateOrCountry>
          <com:zipCode>89141</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>SJC Lending, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>10389404.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>10389404.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>10389404.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.5</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>CASPI STEVEN</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>10389404.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>10389404.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>10389404.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.5</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Hyperscale Data, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 190, LAS VEGAS, NV 89141</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This Schedule 13G is filed by:

(i) SJC Lending, LLC, a Delaware limited liability company ("SJC"), with respect to the shares of Class A Common Stock, par value $0.001 per share, of the Issuer (the "Shares") beneficially owned by it; and

(ii) Steven J. Caspi, as Sole Member of SJC.

Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The principal business address of the Reporting Persons is 120 Bloomingdale Road, White Plains, NY 10605.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>SJC is organized under the laws of the State of Delaware. Mr. Caspi is a citizen of the United States of America.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>As of the close of business on the date hereof, SJC beneficially owned 10,389,404 Shares, including 389,404 Shares issuable upon conversion of 389,404 shares of class B common stock of the Issuer ("Class B Shares"). The Class B Shares are entitled to cast 10 votes for each share.

Mr. Caspi, as Sole Member of SJC, may be deemed to beneficially own the 10,389,404 Shares beneficially owned by SJC.</amountBeneficiallyOwned>
        <classPercent>The aggregate percentage of Shares reported beneficially owned by the Reporting Persons is based upon 187,077,596 Shares outstanding as of September 14, 2026, which is the total number of Shares outstanding as reported by the Issuer to the Reporting Persons, and 389,404 Shares issuable upon conversion of 389,404 Class B Shares.

As of the close of business on the date hereof, SJC beneficially owned 5.5% of the outstanding Shares.

Mr. Caspi, as Sole Member of SJC, may be deemed to beneficially own the 5.5% of the outstanding Shares beneficially owned by SJC.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See Cover Pages Items 5-9.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See Cover Pages Items 5-9.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See Cover Pages Items 5-9.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See Cover Pages Items 5-9.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>SJC Lending, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Steven J. Caspi</signature>
        <title>Steven J. Caspi, Sole Member</title>
        <date>09/17/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>CASPI STEVEN</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Steven J. Caspi</signature>
        <title>Steven J. Caspi</title>
        <date>09/17/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
